
Tuesday, 24 May 2016
The Boy Who Killed Mother & Daughter Has Been Re-Arrested

Fayose Gives Another Order: Kill Erring Cows & Herdsmen

Reason Why Tomatoes Are Very Expensive: 80% of Kaduna Tomatoes Ravaged By Disease

According to MTO, Drake & Rihanna are engaged and he proposed with a $1m ring





Saturday, 14 May 2016
I'm Pregnant For Burna Boy, He's Rejecting Me – Naija Babe Uju

From her statements in his comment section on IG, Uju insists that she and the singer had a relationship. She posted on his IG: “Please kindly come and take responsibility for your actions. I can’t take the fact that I am expectant and you aren’t picking up my calls.”




Our Story: VP Osinbajo's official position on New Fuel Price

In any event, the President is probably one of the most convinced pro-subsidy advocates. What happened is as follows: our local consumption of fuel is almost entirely imported. The NNPC exchanges crude from its joint venture share to provide about 50% of local fuel consumption. The remaining 50% is imported by major and independent marketers.
These marketers up until three months ago sourced their foreign exchange from the Central Bank of Nigeria at the official rate.
However, since late last year, independent marketers have brought in little or no fuel because they have been unable to get foreign exchange from the CBN. The CBN simply did not have enough. (In April, oil earnings dipped to $550 million. The amount required for fuel importation alone is about $225million!) .
Meanwhile, NNPC tried to cover the 50% shortfall by dedicating more export crude for domestic consumption. Besides the short term depletion of the Federation Account, which is where the FG and States are paid from, and further cash-call debts pilling up, NNPC also lacked the capacity to distribute 100% of local consumption around the country. Previously, they were responsible for only about 50%.
(Partly the reason for the lingering scarcity). We realised that we were left with only one option. This was to allow independent marketers and any Nigerian entity to source their own foreign exchange and import fuel. We expect that foreign exchange will be sourced at an average of about N285 to the dollar, (current interbank rate). They would then be restricted to selling at a price between N135 and N145 per litre.
We expect that with competition, more private refineries, and NNPC refineries working at full capacity, prices will drop considerably.
Our target is that by Q4 2018 we should be producing 70% of our fuel needs locally. At the moment even if all the refineries are working optimally they will produce just about 40% of our domestic fuel needs.
You will notice that I have not mentioned other details of the PPRA cost template. I wanted to focus on the cost component largely responsible for the substantial rise, namely foreign exchange. This is therefore not a subsidy removal issue but a foreign exchange problem, in the face of dwindling earnings. Thank you all.
New Deadly Disease Breaks Out in Nigeria, As Killed one Person

He said, “We have to find a means to communicate with Nigerians, so they should all be aware of this dangerous disease and it is the sole business of the government to enlighten the society by trying to increase their awareness, knowledge and to improve their quality way of life.”
The minister urged Nigerians to be vigilant and seek urgent medical attention should they notice any sign of a rare disease.
Adewole urged members of the public to be more careful while using medications of all kinds.
He called for increased awareness in the use of drugs and in the reading of drug leaflets before use.
At the press conference, a Senior Consultant Physician/Dermatologist at the National Hospital, Abuja, Dr. Olanrewaju Falodun, said: “SJS is an immune complex mediated hypersensitivity reaction that typically involves the skin and mucous membranes and was first described in 1922 by Albert Stevens and Frank Johnson.
“SJS is a rare and unpredictable reaction, and is also a minor form of toxic epidermal necrolysis with less than 10 percent body surface area involvement.
“SJS is a rare but serious and potentially life-threatening contagious drug reaction. Incidence of SJS is estimated between 1.1 and 7.1 cases per million per year and is more prevalent in women than men.”
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